Crypto mining company Argo Blockchain has mined more Bitcoin despite the network difficulty and the company increased its revenue in February.
In a statement made by Argo Blockchain, it was stated that despite the monthly double-digit increase in Bitcoin’s average network difficulty, these increases were seen in revenues.
According to Argo’s statement, when February’s daily exchange rates and crypto prices are taken into account, Argo’s mining revenue increased by nearly $340,000 compared to the previous month.
Argo Blockchain Rises Amidst Challenges
Argo Blockchain has mined more Bitcoins than last month despite the mining network difficulty. Thanks to this, the company was able to increase its mining income in February.
In February, Argo mined 5.7 Bitcoins per day by mining 162 Bitcoins or equivalents. This amount highlights a 7 percent increase compared to the January average. The revenue of the blockchain and mining company amounted to $ 3.76 million with this increase.
Last year was a year when crypto mining companies went through tough times and some companies filed for bankruptcy. Earlier this year, however, mining revenues were on the rise.
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